As of May 3, 2025, here are the key 3-hour support and resistance levels for Tata Power Company Ltd (NSE: TATAPOWER):
📊 3-Hour Support and Resistance Levels
Level Price (₹) Type
Support 1 349.81
Support 2 348.43
Support 3 346.76
Resistance 1 352.86
Resistance 2 354.53
Resistance 3 355.91
These levels are derived from the classic pivot point method and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
🔍 Technical Indicators
As of the latest available data:
Relative Strength Index (RSI): 44.03, indicating neutral momentum.
Stochastic RSI: 0, suggesting oversold conditions.
Commodity Channel Index (CCI): -133.29, reflecting bearish momentum.
Money Flow Index (MFI): 56.07, indicating neutral buying and selling pressure.
These indicators suggest a neutral to slightly bearish outlook for the stock.
📈 Strategy Considerations
Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹349.81, it may continue its upward movement towards Resistance 1 at ₹352.86.
Bearish Scenario: A drop below Support 1 could signal a potential reversal or consolidation phase.
Please note that these levels are based on historical data and should be used in conjunction with other technical analysis tools and market conditions.
📊 3-Hour Support and Resistance Levels
Level Price (₹) Type
Support 1 349.81
Support 2 348.43
Support 3 346.76
Resistance 1 352.86
Resistance 2 354.53
Resistance 3 355.91
These levels are derived from the classic pivot point method and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
🔍 Technical Indicators
As of the latest available data:
Relative Strength Index (RSI): 44.03, indicating neutral momentum.
Stochastic RSI: 0, suggesting oversold conditions.
Commodity Channel Index (CCI): -133.29, reflecting bearish momentum.
Money Flow Index (MFI): 56.07, indicating neutral buying and selling pressure.
These indicators suggest a neutral to slightly bearish outlook for the stock.
📈 Strategy Considerations
Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹349.81, it may continue its upward movement towards Resistance 1 at ₹352.86.
Bearish Scenario: A drop below Support 1 could signal a potential reversal or consolidation phase.
Please note that these levels are based on historical data and should be used in conjunction with other technical analysis tools and market conditions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.